ASK LEO: Will BITCOIN Last Forever?
Have you ever stopped to think about this? Will Bitcoin last forever? If Bitcoin dies, what happens next?
The truth is, Bitcoin may never die. It is a revolutionary technology that has the potential to change the financial world forever. Bitcoin has been on a roller coaster ride since it was first launched. Even the year 2022 has been a turbulent year for the currency.
Although the value of Bitcoin is rising again, it is still a huge risk for potential. Nonetheless, the doggedness and drive demonstrated by the BITCOIN community is one that cannot go unnoticed.
The volatility and continuous fluctuations of the trading price of this token have done little or nothing to dampen the optimism in the crypto space.
As a matter of fact, Bitcoin continues to open us to endless possibilities; it is recognized globally, as a form of payment, as a national currency, as an investment opportunity, and so on.
As previously stated, BTC is a revolutionary technology, and there is no telling when we will have another technology that provides us with as much universal liberty as we do now. Whether we like to admit it or not, there are a plethora of significant forces that would benefit from the fall of Bitcoin.
You know how they say you never realize what you have until you lose it? Here's a list of possible outcomes to expect if bitcoin fails
1. Bid Privacy Goodbye
You might as well bid privacy farewell if BTC ever goes extinct. Here's why; Bitcoin doesn't discriminate, neither does require so much information on its users. You want a spot, you simply create an address without authorization for no cost at all.
In contrast to the decentralized currency, traditional monetary, and social networks on the world wide web today, require users to fill in various personal details under the guise of fighting money laundering and terrorist financing, before creating an account. As a matter of fact, some of these platforms are designed in such a way that they also have access to your location data 24/7.
Financial organizations are legally mandated to acquire sensitive information, from their customers in form of KYC(Know your customer). As a result, all users are deprived of financial privacy. This does not imply that Bitcoin is an embodiment of perfection or the ideal option for that matter.
Besides, the blockchain tracks every transaction that occurs on the network. Only, the addresses do not directly connect to persons or organizations, thereby making it extremely difficult to trace cash flow.
2. Central Banks Win
In contrast to our traditional banking system, Bitcoin is a decentralized currency that stores data in a distributed ledger known as BLOCKCHAIN. Simply put, unlike banks, BTC does not have a central authority, unlike banks, since it functions on a peer-to-peer basis with no central servers.
As a matter of fact, even the government cannot confiscate the currency provided the owner knows his or her private keys. In the crypto space, decision-making is not a monopoly, as against the monopoly of decision-making of central banks.
Central banks have existed since the 17th century as a type of “bank for bankers” and as buyers of government debt. Many even held monopolies on the issuance of their nation’s currency, which they still hold today.
Bitcoin solves this problem by not only being non-inflationary but also non-confiscatable. Bitcoin “forces” central bank money to compete against a harder form of money on the free market, rather than forcibly subjecting people to its devaluation. Source
- Censorship
Social media platforms are not exempted from this discourse; there have been reports of accounts being deleted or banned completely, and tweets being erased despite the lauded freedom of expression that we ostensibly enjoy.
Likewise, people who seek to participate or support activities considered to be unlawful may discover that their accounts have been seized. For instance, during the END SARS protest in my home country, Nigeria, several front-liners saw their personal bank accounts blocked by the government, as well as the donations, because they had supposedly crossed the line.
As a result, donations had to be moved to the crypto space, there was no way to block the accounts this time. With a digital gateway like BTC, no middleman can just get involved with the snap of fingers. It's not as simple. Bitcoin gives you privacy and protection.
Finally, as a cryptocurrency enthusiast, can you possibly visualize a world without cryptocurrency? I mean, apart from being a money-making avenue, you enjoy privacy and property protection that no other financial institution can offer you, yet. The network is designed to be resilient in the face of adversity.
Posted Using LeoFinance Beta
Notice many "new users" on Hive? Not many, like this place is a disease. No outside communities bringing in new comers. No other sites having many links or no links to any articles from Hive on sites that show professional interests they view as noteworthy to a profession or hobby. Hive articeles are rare on reddit.com. Wouldnt people post on reddit.com with links to their articles attracting their own new following and groups? No crypto forums acknowledge Hive exists as a place to be either. Ever seen a person asking for support show a way to give support with HIVE listed as a supporting wallet address? Is there a world address on Hive for countries made more unfortunate because of Hive? Would a large Hive holder or large earner of Hive donate a LARGE amount of Hive to help support Ukraine? What? Support something thing that could attract unwanted media attention? Nothing to see here......I dont get out much though.
People are hiding exposure to Hive. People either play dumb, could be scared or intimidated, mislead or dont beilieve it. Maybe just not electronically cultured enough to know. Who knows. Its mostly fake with fake attention paid for by people with ill intentions as many do gloating in their own groups special mindset. Such a small town here to support this kind of high pay. Who is buying Hive tokens with no notable new user base coming in? People trying to buy this place as a grooming ground on the sly. Articles that arent in the interests of their own goals and views dont get much attention. I dont see many high paid articles I would put on a real news sites or link to as noteworthy. Be part of one of their groups and they groom you. They buy comment and article writers in ways that keep their lies hidden. Here to take our FREEDOMS completely in treason as the sacks of shit they are.
Most interest groups and businesses have discord rooms on the side because they wont talk here or more able to teach views there to shill out of public view. They can do odd stuff to you in discord rooms they cant do here. I’ve seen people get mugged and shaken down in discords, be careful while visiting new discords, even if they are a business. They shut down the discord room along with all of the evidence of their crimes the group around @fyrstikken and his discord server @steemspeak. They also hide behind skirts there while on the creep like they do in the new ones they are in.
The operators doing V2K with remote neural monitoring want me to believe this lady @battleaxe is an operator. She is involved in the same discord groups around @fyrstikken and friends. Her discord is Battleaxe#1003. Shes in some groups with seemingly detached characters that dont even acknowledge the others in the group, looking oddly staged. She starts projects and does nothing with it or the delegations after its used to sway people. Like @steempowertwins does<------fake along with her @teamgood <------fake. No substance in her comments and has a following that adores her for what? Life coach she is not nor is she insightful with any meaningful skills to follow. Ruler of pixie dust maybe? I would like for someone to show me but probably wont out fear maybe? @fyrstikken groups around him down voted me into censored and not viewable on my accounts as soon I told what they were doing.
I cant prove @battleaxe is the one directly doing the V2K and RNM. Doing it requires more than one person at the least. It cant be done alone. She cant prove she is not one of the ones doing V2K because she cant and could care less. I guarantee she knows this is going around and still wont prove it because she cant. Many of us here can prove what they have been doing to survive the past 5 years. What does she live off of? It definitely isnt in public view here.
I was drugged in my home covertly, it ended badly. They have been trying to kill me using RNM with applied V2K mental games while revealing as many accessories to the crime as they can. I bet nobody does anything at all. Ask @battleaxe to prove it. I bet she wont. Pretty serious accusations to just blow off and leave the crypto community hanging in fear of this danger.
They want me to believe the V2K and RNM in me is being broadcast from her location. And what the fuck is "HOMELAND SECURITY" doing about this shit? I think stumbling over their own dicks maybe? Just like they did and are doing with the Havana Syndrome. They should start by looking at the communications between the top witnesses of Hive and the connection to @fyrstikken groups. Google his fucking name and see where his other interests lie around at least once maybe? The connections between @fyrstikken groups and all the exchanges built for Hive? Bet that would reveal some crazy ball less nutty shit. Homeland security should start preparing for their own incarcerations seeing how sloppy this was done. Patriot act my ass. Think we are really fools? Bad position your not getting out of. Dont be last to blow the whistle. Who will protect you?
People in and around @fyrstikkens groups are reckless and should have shown the proper media what they had before taking me hostage for 5 long torturing years and counting. That is a long time to wait for someone to die.
What would you say while having a gun pointed at your head from an undisclosed location? Have people find it? My hands are tied while they play like children with a gun to my head. Its a terrorist act on American soil while some yawn and say its not real or Im a mental case. Many know its real. This is an ignored detrimental to humanity domestic threat. Ask informed soldiers in the American military what their oath is and why nothing is being done. Nobody has I guess. Maybe someone told ill informed soldiers they cant protect America from military leaders in control that have ill intent. How do we protect locked up soldiers prevented from telling the truth from being treated as criminals? Not to mention civilians we let our leaders treat the same way. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism-terrorism
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